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REPORT COPYRIGHT VIOLATION IN REPLY
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Message Subject
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XRP-tards, get in here. (Crash imminent? Final XRP moon in august 2021)
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Poster Handle
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Anonymous Coward |
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Post Content
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Paper trading is way different than trading real money because FEAR is involved with your real money trades. Fear is crazy. Fear screws me out of winning trades all the time.
One must master the fear. Learn to live with the fear.
If you are comfortable making a trade it's probably a losing trade. If you are terrified to make a trade... those are the best trades i've ever made.
Emotions are never your friend. Follow a system. Never trust your feels. Your feels will kill you every single time. If you don't have a rock solid technical analysis reason to make a trade... don't. Just wait. Good trades always appear.
Patience is the most important thing. Always wait if you are unsure. Never think "omg what if i miss this trade!"
Quoting: Mr. Cheeze Yes, paper is not the same as live, but when learning to "drive" it's a lot more forgiving! Fortunately, it's easy and fairly risk free to trade very small amounts in crypto, so learning with live trades is fairly forgiving too. Thanks for the exchange recommendation - I'll check them out too. I think this is a great idea. Put as little as 100$ in the trading account and trade it on low leverage. Make sure your stop is 1 or 2% as a loss at most. Having real money invested, even if it's a small amount... it forces you to learn from your mistakes. I truly feel a small trade with real money is 100 times better than paper trading with no money.
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